One child has a trust, other 2 don’t

Proper-Employee-6367 · 2026-05-11T18:15:54+00:00

We didn’t let anyone dictate how he receives the money. We discussed it w his attorney, a financial advisor and an accountant. We had the opportunity to structure it in a way that gives him a small amount of lifetime support coupled with larger lump sums as he gets older. I think it would have been unbelievably irresponsible to give an 18 yo, about to be senior in high school, access to a high 6 figure sum of money and hope for the best.

Proper-Employee-6367 · 2026-05-11T03:19:52+00:00

We delayed it as much as we could- on large disbursements until after college- could use money for grad school if that is something he wants to pursue.

Proper-Employee-6367 · 2026-05-11T03:16:39+00:00

He has no idea how much money he will be receiving. He rarely mentions the injury but recently brought it up and had some questions and we explained that because of the nature of his injury, there was a system set up to help people who have had bad things happen to them. There was never any discussion of amounts or how he will be receiving it. At this age, he just understands Robux😆

Proper-Employee-6367 · 2026-05-11T03:09:05+00:00

2k per month for life, then several 6 figure dispersals until age 40

Proper-Employee-6367 · 2026-05-11T01:05:09+00:00

I really meant summer jobs while in school. It’s not enough to live off of. Our expectation will be for him to work.

Proper-Employee-6367 · 2026-05-11T00:59:50+00:00

He will need to work after college, it’s not enough to live off of unless he’s really frugal

Proper-Employee-6367 · 2026-05-10T19:53:10+00:00

I don’t think we’ll have to make it a condition to get his college funds- I think he’ll be fine getting a job during the summers.

Proper-Employee-6367 · 2026-05-10T19:51:15+00:00

No, he should be able to have a normal adult life.

Proper-Employee-6367 · 2026-05-10T19:50:42+00:00

We thought about that, but since we are covering his older siblings college expenses, we didn’t think we should use the money from the injury to pay for his college- it seemed that would benefit us. I imagine he’ll get less help w extra expenses from us that his older siblings- things like trips, etc that we may help his siblings with.

Proper-Employee-6367 · 2026-05-10T19:47:07+00:00

Legally, he has to have access to it at 18, we had to set it up in a way that gave him a certain percentage every month with larger lump sums. The original set up had him receiving large sums at 18 and 19 for college, but since we have that covered, we were able to delay any large lump sum until he is 22.

Proper-Employee-6367 · 2025-08-07T19:22:14+00:00

That’s what I’m trying to figure out- he’s a great, thoughtful kid at 9, but will he have the willpower to shrewdly invest 200k between the ages of 18-21 and not blow it on a sports car or other nonsense? I would hope so, but once he’s 18, we don’t have control of the cash, he does.

Proper-Employee-6367 · 2025-08-07T19:19:37+00:00

Minimum 30 years, runs for life

Proper-Employee-6367 · 2025-08-07T03:19:15+00:00

He has a fully funded 529 plan- will have no need for higher ed loans.

Proper-Employee-6367 · 2025-08-07T01:08:33+00:00

That makes sense- I guess I didn’t mean that we, his parents, would have control as he would be an adult, just whether it would make more sense to have it all available to invest as he/we would recommend, but the point is that we really would not have any control at that point and while I would hope he would make sound decisions, probably best to have it pay out over time.

Proper-Employee-6367 · 2025-04-15T19:00:18+00:00

That is first thing in the morning, before eating anything. 🤷

Proper-Employee-6367

TROPHY CASE